Technorati’s Cold; Sifry’s Out
Want to know why Dave Sifry is out not only as Technorati’s CEO but out of the completely? While the company’s may be seeing solid, if not spectacular, traffic and revenue growth, it’s simply not sexy to potential suitors.
We’re in the midst of an M&A/IPO frenzy with start-ups being snapped up here and there (e.g. Kaboodle, Clipmarks, Last.FM, etc.), yet Technorati is like the girl at the high school dance who waits for her turn to shake a leg.
With more than $15-million of venture capital pumped into Technorati (including $11-million a year ago), the company’s investors have to be wondering why/how they’re missing out on all the M&A fun. As Tom Foremski suggests, it looks like Sifry’s departure and some other cost-cutting (eight employees have also been let go) could be Technorati trying to dress itself up for a sale. The question is whether anyone is interested at a price that its VCs can swallow.
More: alarm:clock has some biting commentary as well, highlighted by its content Technorati has yet to figure out how to not make its service slow and unreliable.
August 17th, 2007 at 11:51 am
[…] have accelerated as Google has been eating away at its traffic. Mark Evans makes the interesting counter-argument that while Technorati’s traffic and revenue growth has been “solid… it’s simply not […]